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Power Grid Corporation

POWERGRID · NSE & BSE · Power & Utilities · Transmission

Current price

₹340.00

+0.30%FY24 (illustrative)

Illustrative / demo price - not live.

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About the company

India's central electricity transmission utility, a PSU with a regulated-return model.

Origin & history

Set up in 1989 as the central transmission utility, it owns most of India's inter-state transmission network.

Founded

1989

Headquarters

Gurugram

Business segments

Transmission90.0%
Consultancy & Other10.0%

Competitive position (moat)

Regulated monopoly over the national transmission grid.

Governance

Government-owned with professional management.

Promoter holding

51.3%

Institutional holding

25.0%

Why it's interesting

A regulated utility with predictable returns, strong cash flow and a reliable dividend.

What to verify

  • Regulatory tariff orders
  • Capex and asset base growth
  • Government ownership and policy

Key risks

  • Regulatory changes
  • Government ownership
  • Interest rates

Valuation snapshot

Market cap

₹3.2 L cr

Total value of all shares: price multiplied by shares outstanding.

P/E

20.0

Price to earnings: how much you pay per rupee of profit.

P/B

3.0

Price to book: how the price compares to net asset value per share.

EV/EBITDA

14.0

Enterprise value to operating profit: a valuation that accounts for debt and cash.

Dividend yield

2.8%

Annual dividend per share as a percentage of the price.

Profitability

Revenue

₹46,000 cr

EBITDA

₹40,000 cr

Net income

₹16,000 cr

EPS

₹17.00

EBITDA margin

87.0%

Net margin

35.0%

ROE

16.0%

ROCE

9.0%

Revenue growth

6.0%

Balance sheet health

Debt/equity

1.6

Total debt divided by shareholders' equity: how leveraged the company is.

Cash

₹5,000 cr

Cash and equivalents on the balance sheet.

Interest coverage

3.0

How many times operating profit covers interest expense.

Dividends & returns

Dividend yield

2.8%

Dividend yield is the annual payout as a share of the price. A higher yield can signal a mature, cash-generative business - or a falling price. Check the payout history before reading too much into it.

Growth trend

Revenue growth

6.0%

Revenue growth shows how fast the top line is expanding. Pair it with margin trends to see whether growth is turning into profit.

Ownership

Promoter holding

51.3%

Share held by the founding family or group.

Institutional holding

25.0%

Share held by mutual funds, insurers and foreign institutions.

Placeholders - verify in the shareholding pattern.

Key catalysts

  • Capex growth
  • Renewable integration

Red flags

  • Regulatory risk
  • Leverage

52-week range

52-week low

₹240.00

Lowest price in the 52-week range.

52-week high

₹360.00

Highest price in the 52-week range.